A classic entrepreneur starts a new company by identifying a business opportunity and allocating resources to tap a new market; serial entrepreneurs start one business,run it,and then start and run additional businesses in succession.

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A classic entrepreneur indeed focuses on identifying a business opportunity and allocating resources to start a new company, aiming to tap into a new market. Serial entrepreneurs, on the other hand, start one business, run it, and then move on to start and run additional businesses in succession, often leveraging the experience, skills, and resources gained from previous ventures.

A Classic Entrepreneur Starts a New Company by Identifying a Business